Florida Governor plans to let businesses pay taxes in cryptocurrency.

More and more politicians in the United States are starting to move closer to the crypto industry, with the goal of allowing digital assets to be used for payment. Florida Governor Ron DeSantis has announced that he is working on a plan that will allow businesses to pay their taxes with cryptocurrencies.

Speaking at a conference on March 22, the potential 2024 Republican presidential candidate said:

”I’ve told the state agencies to figure out ways, where if a business wants to pay tax in cryptocurrency to Florida, we should be willing to accept that”

Florida Governor Ron DeSantis 

In December, DeSantis proposed an initiative to allow businesses to pay state fees in cryptocurrencies. The state governor is supporting Florida’s move to become a regional crypto and blockchain hub. He joins Miami Mayor Francis Suarez, who is also a Bitcoin supporter and previously stated that he would accept his salary in BTC. Nikki Fried, a Florida gubernatorial candidate, has also embraced digital assets by taking cryptocurrency donations for her campaign.

DeSantis has expressed concern about President Biden’s executive order on cryptocurrency and central bank digital currency, which was signed earlier this month. He admitted that there was a significant difference between a decentralized currency like Bitcoin and a digital dollar issued by a central bank, adding:

“I think there are a lot of hazards with that, when that’s centrally controlled. I worry about the amount of power that that would give someone in a central authority to basically be able to shut off access to purchasing certain goods. We’d be in uncharted territory.”

DeSantis

He is not alone in his concerns, Minnesota Congressman Tom Emmer has also warned against a CBDC, claiming that a FED-controlled digital dollar would generate authoritarian control over people’s finances similar to that of China.

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